Healthcare Update

Starting in 2019, selected taxpayers don’t have to pay a penalty for not having health insurance and are free to buy plans with lower costs and no network restrictions.

Small businesses can provide tax free reimbursements to eligible employees to help with out of pocket expenses associated with high deductible health insurance plans. Reimbursements are not subject to payroll taxes. The business is eligible for a tax deduction and doesn’t need to offer a group health insurance plan.

For optimal results, assessments will need to start before open enrollment begins for ACA health insurance plans.

Jorge Enderica CLU ChFC , who has been assisting our clients in their needs for different coverage, can explain how these new provisions work and assess the best course of action for your business and your employees. Call 214-739-5610 by November 1st to request an assessment or click on the following link:

October 2nd, 2019 by